NEW YORK, Dec. 08, 2017 (GLOBE NEWSWIRE) -- CannabisNewsWire (“CNW”), a multifaceted financial news and publishing company for the cannabis industry, today announces the publication of an editorial featuring Global Payout, Inc. (OTC:GOHE), a client of CNW and leading provider of comprehensive and customized prepaid payment solutions for domestic and international organizations distributing money worldwide.
The publication, titled, “Success of Initial Coin Offerings (ICOs) Shows Increasing Application of Blockchain Technology to Payment Solutions,” discusses the development of innovative payment solutions for the underserved cannabis industry.
To view the full publication, visit: https://www.cannabisnewswire.com/success-initial-coin-offerings-icos-shows-increasing-application-blockchain-technology-payment-solutions/
“Blockchain technology and cryptocurrencies are very much on the minds of executives at Global Payout, Inc. (GOHE). The California-based provider of payment solutions recently announced that its majority-owned subsidiary, MoneyTrac Technology, Inc., in conjunction with Pegasus Fintech, Inc., is developing a cryptocurrency token for the cannabis industry, a market grossly underserved by the latest financial technology (http://cnw.fm/ZpK9f). Pegasus Fintech, as an innovative blockchain and token accelerator company focused on delivering solutions in the financial services, blockchain and emerging cryptocurrency market sectors, appears to be a fitting partner for MoneyTrac’s endeavors in the market.
“Leveraging over 30 decades of combined experience, MoneyTrac provides to businesses operating in a variety of alternative or “high-risk” industries a sweeping range of services that create the ability to manage and run their business with optimum efficiency while meeting regulations; streamlining electronic payment processing; and developing an operational structure that plays a critical role in the growth of their business.
“Alternative market sectors are continuing to grow at an unprecedented rate across the U.S. However, traditional business resource and service providers are struggling to keep up with this growth, and in the process, many business owners within these sectors, or entrepreneurs eager to break into them, lack the support and resources needed to help move their initiatives forward,” management notes on its website. “The MoneyTrac Technology team aims to establish itself as a key resource to these under-served businesses by offering them an array of services that we have designed to address the specific challenges businesses in a variety of alternative market sectors are faced with on a day-to-day basis.”
About Global Payout, Inc.
Since the company’s inception in 2009, Global Payout, Inc. has been a leading provider of comprehensive and customized prepaid payment solutions for domestic and international organizations distributing money worldwide. In 2014, Global introduced its first online payment platform called the Consolidated Payment Gateway (CPG), which allowed its enterprise clients to transfer money to international bank accounts, mobile accounts, and prepaid card accounts. The development of the CPG became the foundation for the introduction of its new, state of the art FINTECH payment system in 2017, for both online and mobile applications to allow account holders to maximize an expanded suite of financial services and minimize operational costs. Global will continue to offer their FINTECH payment system to many vertical markets for support of foreign currency exchange and digital currency, including ongoing support of the banking industry and international governments. For more information, visit www.GlobalPayout.com.
About CannabisNewsWire (CNW)
CannabisNewsWire (“CNW”) is a specialized information service that (1) aggregates cannabis news, (2) provides CannabisNewsBreaks that quickly updates investors in the space, (3) enhances corporate press releases, (4) helps companies with distribution and optimization of social media, and (5) delivers comprehensive corporate communication solutions. CNW is uniquely positioned in the cannabis market with a strong team of journalists and writers who can help private and public companies reach a wide audience of investors, consumers, journalists and the general public through our ever-growing dissemination network of more than 5,000 key syndication outlets. CNW is bringing unparalleled visibility, recognition and content to the cannabis industry.
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Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
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